HAMMER METALS LIMITED — Director's Dealing 2021

Nov 8, 2021

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CHANGE OF DIRECTORS’ INTERESTS

ASX RELEASE 9 November 2021

DIRECTORS / MANAGEMENT

Russell Davis Chairman

Daniel Thomas Managing Director

Ziggy Lubieniecki Non-Executive Director

David Church Non–Executive Director

Mark Pitts Company Secretary

Mark Whittle Chief Operating Officer

CAPITAL STRUCTURE

ASX Code: HMX

Share Price (8/11/2021) $0.044 Shares on Issue 813m Market Cap $35.8m Options Unlisted 27m Performance Rights 6.5m

Hammer Metals Ltd (ASX: HMX ) (“Hammer” or the “Company”) advises changes to Directors’ Interests as disclosed in the attached Appendix 3Ys for Messrs Davis and Thomas.

This announcement has been authorised for issue by Mr Mark Pitts, Company Secretary, Hammer Metals Limited.

For further information please contact:

Daniel Thomas

Managing Director

T +61 8 6369 1195 E info@hammermetals.com.au

- END -

About Hammer Metals

Hammer Metals Limited (ASX: HMX) holds a strategic tenement position covering approximately 2,200km[2] within the Mount Isa mining district, with 100% interests in the Kalman (Cu-Au-Mo-Re) deposit, the Overlander North and Overlander South (Cu-Co) deposits and the Elaine (Cu-Au) deposit. Hammer also has a 51% interest in the emerging Jubilee (Cu-Au) deposit. Hammer is an active mineral explorer, focused on discovering large coppergold deposits of Ernest Henry style and has a range of prospective targets at various stages of testing.

Hammer also has a 100% interest in the Bronzewing South Gold Project located adjacent to the 2.3 million-ounce Bronzewing gold deposit in the highly endowed Yandal Belt of Western Australia.

T (08) 6369 1195 E info@hammermetals.com.au

ABN 87 095 092 158 P Unit 1, 28-30 Mayfair Street, West Perth, WA 6005

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	HAMMER METALS LTD
ABN	87 095 092 158

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Russell Davis
Date of last notice	22 July 2021

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Mr Davis is a trustee and beneficiary of the Davis Superfund. Davis Family Capital Pty Ltd ATF the Davis Superfund
Date of change		5 November 2021
No. of securities held prior to change		Direct: Ordinary shares: 300,342 Indirect - Davis Family Capital Pty ltd ATF the Davis Superfund: Ordinary shares: 39,378,947 Unlisted options: 1,500,000 unlisted options exercisable at $0.032 on or before 30 November 2022 2,000,000 unlisted options exercisable at $0.05 each on or before 30 November 2024
Class		Ordinaryshares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired		500,000
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.048 per share
No. of securities held after change		Direct: Ordinary shares: 300,342 Indirect - Davis Family Capital Pty ltd ATF the Davis Superfund: Ordinary shares: 39,878,947 Unlisted options: 1,500,000 unlisted options exercisable at $0.032 on or before 30 November 2022 2,000,000 unlisted options exercisable at $0.05 each on or before 30 November 2024
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		On-market purchase

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

e disclosed in thispart.
Detail of contract	-
Nature of interest	-
Name of registered holder (if issued securities)	-
Date of change	-
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	-
Interest acquired	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	-

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	HAMMER METALS LTD
ABN	87 095 092 158

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Daniel Thomas
Date of last notice	2 June 2021

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr Thomas is the spouse of the registered holder, Laura Thomas
Date of change	5 November 2021

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Direct Ordinary Shares 741,407 Ordinary Shares Indirect – Laura Thomas Ordinary Shares 1,500,000 Ordinary Shares Unlisted options: 3,000,000 Unlisted options over ordinary shares exercisable at $0.05 on or before 21 October 2023, vesting on 21 October 2020. 4,000,000 Unlisted options over ordinary shares exercisable at $0.06 on or before 21 October 2023, vesting on 21 October 2021. Performance Rights 750,000 Performance rights vesting on 21 October 2021 750,000 Performance rights vesting on 21 October 2021, subject to a share price hurdle of $0.036 for a minimum of 30 days 5,000,000 Performance rights vesting on the satisfactory completion of a transaction in accordance with terms outlined in the Company’s Notice of Annual General Meetingdated 8 October 2019.
Class		Ordinary Shares
Number acquired		258,593
Number disposed		-
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$0.05 per share

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Direct Ordinary Shares 1,000,000 Ordinary Shares Indirect – Laura Thomas Ordinary Shares 1,500,000 Ordinary Shares Unlisted options: 3,000,000 Unlisted options over ordinary shares exercisable at $0.05 on or before 21 October 2023, vesting on 21 October 2020. 4,000,000 Unlisted options over ordinary shares exercisable at $0.06 on or before 21 October 2023, vesting on 21 October 2021. Performance Rights 750,000 Performance rights vesting on 21 October 2021 750,000 Performance rights vesting on 21 October 2021, subject to a share price hurdle of $0.036 for a minimum of 30 days 5,000,000 Performance rights vesting on the satisfactory completion of a transaction in accordance with terms outlined in the Company’s Notice of Annual General Meeting dated 8 October 2019.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		On-market purchase

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

e disclosed in thispart.
Detail of contract	-
Nature of interest	-
Name of registered holder (if issued securities)	-
Date of change	-

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	-
Interest acquired	-
Interest disposed	-
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	-
Interest after change	-

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011